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Dec 18, 2014
12/14
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we have done a lot of hard work in reducing our deficit. institutionsen by like the imf to have had the most sustained deficit reduction program. message in the forthcoming elections is you have to stay the course. you have to deal with the deficit and bring debt down as part of a program that says to the world, britain has its act together. there's a place to create your business. it is a place to create jobs. at the moment, we are creating jobs at a faster rate than any other major economy in the world. and unlike the u.s., the participation in the u.k. is at an almost record high. we do not have people dropping out of the labor force. i think the u.s. is a strong begin in the world economy at the moment as well. what a think both of us have managed to achieve is this ,ombination of central banks this goal consolidation, although in the u.s., more unintentional been intentional. and we have to get our supply-side reforms. our finance the economies have not been able to get. those three components working together. >> others argue that he
we have done a lot of hard work in reducing our deficit. institutionsen by like the imf to have had the most sustained deficit reduction program. message in the forthcoming elections is you have to stay the course. you have to deal with the deficit and bring debt down as part of a program that says to the world, britain has its act together. there's a place to create your business. it is a place to create jobs. at the moment, we are creating jobs at a faster rate than any other major economy in...
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Dec 17, 2014
12/14
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, this was a deficit built up in the good years before the financial crash. we went into that financial crash with a higher structural deficit than any of the other g-7 nations a and for coming out of that crash. >> rose: it is still high? >> yes, it is, and it is half what it was, i mean we have done a lot of hard work in reducing our deficit and we are seen by institutions like the imf to have the most sustained and most effective deficit reduction program, my message and a message in these forthcoming elections is you have got to stay the course, you have to go on dealing with your deficit and bring your debt down as part of a program that says to the world britain has its act together this is the place to be and place to create your business and place to invest, a place to create jobs and we at the moment are creating jobs faster, at a faster rate than any other matrix economy in the world. >> rose: faster than we are? >> yes. and actually, unlike the u.s. the participation rate in the uk is at an almost record high so we are not getting people dropping o
, this was a deficit built up in the good years before the financial crash. we went into that financial crash with a higher structural deficit than any of the other g-7 nations a and for coming out of that crash. >> rose: it is still high? >> yes, it is, and it is half what it was, i mean we have done a lot of hard work in reducing our deficit and we are seen by institutions like the imf to have the most sustained and most effective deficit reduction program, my message and a...
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Feb 13, 2014
02/14
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one, the current exchange count deficit. our deficit is very small. it is only 1% of gdp. in other countries like indonesia and brazil, it is much larger. it is one of the reason why analyst believe that mexico is in a better position. ration, debt to gdp government debt, is only 38% of gdp. that is 1/3 of what you have in the u.s. >> we are at 75. >> it is 1/3 of what you have in europe, and 1/2 of what you have in the u.s. so the fundamentals of the mexican economy look good. now with reforms in place, the prospects for growth will look better. needsico, a lot of work to be done, implementation is a challenge, but the prospects are looking better. >> the key word is a limitation. that is the challenge to see if you can implement this. a tough challenge, too. >> yes, it is a challenge. in some cases, we need secondary legislation. that is the case in the telecom reform. in education or financial reform, and those we just need to get it done. a priority for the president and the government. and we think there is a fantastic opportunity. >> you are pretty much in agreement
one, the current exchange count deficit. our deficit is very small. it is only 1% of gdp. in other countries like indonesia and brazil, it is much larger. it is one of the reason why analyst believe that mexico is in a better position. ration, debt to gdp government debt, is only 38% of gdp. that is 1/3 of what you have in the u.s. >> we are at 75. >> it is 1/3 of what you have in europe, and 1/2 of what you have in the u.s. so the fundamentals of the mexican economy look good. now...
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Sep 14, 2014
09/14
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we are a country that has to run a budget deficit, a trade deficit. we have been badgered for decades by people who say you cannot do that. the whole policy has to be to cut spending and raise taxes. every time you do that, you end up squeezing the economy. that happened in 1999 and 2000, again in 2006. >> what happened in britain after the crisis? how do you measure what happened to their economy now the most productive economy? >> the major advantage of the british have had as they are offshore from the eurozone. they have had a real advantage as a magnet for financial activity. i have actually done some work on the distribution of income in the u.k.. there's an amazing concentration of it in the center of london, the financial zone. it's phenomenal how much the income of the region is focused in that little territory. this is clearly driven by the u.k.'s special role as a financial center. >> what is the greatest contribution your dad made to ideas in the country? >> my father in many ways framed modern liberalism. he gave it a voice and a whole se
we are a country that has to run a budget deficit, a trade deficit. we have been badgered for decades by people who say you cannot do that. the whole policy has to be to cut spending and raise taxes. every time you do that, you end up squeezing the economy. that happened in 1999 and 2000, again in 2006. >> what happened in britain after the crisis? how do you measure what happened to their economy now the most productive economy? >> the major advantage of the british have had as...
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Feb 12, 2014
02/14
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federal deficits of a trillion dollars or more, to a deficits that are going to be around 600 billion this year. so the treasury borrowing for the last few years have fallen considerably. and so when you think about the federal reserve buying, going from 80 billion dollars per month purchases, if they don't start tapering rapidly they're going to be buying everything that is ever issued. so when we think about taper, we should think about taper in the context of what is being issued. so this is why i have been a believer that we should be even more aggressive in tapering. >> rose: okay. i'm going to go finally to retirement. something you care deeply about and think the country needs to think about. washington, fiscal policy. does any sense of optimism there? >> no. >> rose: it's just the way it has been. >> i have spent quite a bit of time there. i have eternal hope that we find ways of coming to grips with immigration reform. >> rose: right. >> we need to really address our fiscal positions. and they're just no ability for the men and women on both parties to come together and do wa
federal deficits of a trillion dollars or more, to a deficits that are going to be around 600 billion this year. so the treasury borrowing for the last few years have fallen considerably. and so when you think about the federal reserve buying, going from 80 billion dollars per month purchases, if they don't start tapering rapidly they're going to be buying everything that is ever issued. so when we think about taper, we should think about taper in the context of what is being issued. so this is...
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Nov 5, 2014
11/14
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. >> rose: the deficit. >> it has come down. so i think the policies are working better than the perception. and some of that i think some of that has to do what he conned validate. that bully pulpit may not be the signs during fdr but it's still there. >> i said that to a guy in california, a doctor going out to tennessee. he looked at me and said he had nothing to do with it. that's what he's fighting against at this point. he was at fault when it wasn't working and they didn't manage it very well in my judgment. >> rose: doris? >> it is the president's responsibilityaú÷ to set the narrative really and to tell the story. and i think that's somehow the gap between what you are just saying has happened to the economy, happened in our deficits, has not been felt by people inside. part of that is what is magic about leadership. i mean, one of the times fdr said to orson wells, he said you know orson you and i are the two best actors in america. i'm not sure who is one and who is two but you have to be theatrical. everybody wants
. >> rose: the deficit. >> it has come down. so i think the policies are working better than the perception. and some of that i think some of that has to do what he conned validate. that bully pulpit may not be the signs during fdr but it's still there. >> i said that to a guy in california, a doctor going out to tennessee. he looked at me and said he had nothing to do with it. that's what he's fighting against at this point. he was at fault when it wasn't working and they...
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Nov 6, 2014
11/14
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the deficit has come down to less than 500. the policies are working better than the perception. has to do what he conveys. the bully pulpit may not be the size that it was but it is still there. >> a guy from california was in town, he said he had nothing to do with it. that is what he is fighting against at this point. he was at fault. they did manage it well. >> it is the president's responsibilities that the narrative and tell the story. somehow the gap between what you are saying has happened in the economy has not been felt by people inside. part of that is what is magic about leadership. one of the times fdr said to best welles, uni rb two actors in america. i'm not shooting -- i'm not sure who is one and who was two. you have to project. everybody wants somebody they are. if we are going to feel joy you need to feel that. it is a hard time to be president. it is not as much fun as it was. it wasn't fun in world war ii and somebody said to fdr, how do you get up every morning. he said who what you want to be president? >> when bill clinton was counting down -- and ronald r
the deficit has come down to less than 500. the policies are working better than the perception. has to do what he conveys. the bully pulpit may not be the size that it was but it is still there. >> a guy from california was in town, he said he had nothing to do with it. that is what he is fighting against at this point. he was at fault. they did manage it well. >> it is the president's responsibilities that the narrative and tell the story. somehow the gap between what you are...
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Jul 16, 2014
07/14
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we would get a lot -- it would help with the deficit because you get a lot of people out of the shadows paying taxes. it would send a great signal around the world. you have a good idea, you are smart and innovative, come to the united states. we are sending an intolerant signal right now and it is bad for the economy. >> the most important thing we can do is not only is what america stands for, not only the contribution because most people say they are not opposed to legal immigration. it is illegal immigration that gets people over policy. is that fair? >> the politicians, not the people. the faith community, the law-enforcement community, republican governors, the business community almost. i have not met a business person who is opposed. >> the faith community and the business community on the side of immigration reform. you are saying that it is being held hostage by the tea party. does the business community have no influence? is that the nature of the tea party? >> i think you are seeing mainstream republicans starting to be more willing to take them on. we need a functioning rep
we would get a lot -- it would help with the deficit because you get a lot of people out of the shadows paying taxes. it would send a great signal around the world. you have a good idea, you are smart and innovative, come to the united states. we are sending an intolerant signal right now and it is bad for the economy. >> the most important thing we can do is not only is what america stands for, not only the contribution because most people say they are not opposed to legal immigration....
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May 14, 2014
05/14
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one is, the government will decide to bring deficits down too quickly. it cut spending too deeply, to savagely. that told about one percentage point of gdp and growth out of the economy for three delicate years after the crisis. very damaging. the deficit had to come down, but should have come down much more gradually, so people had the benefit of jobs, in infrastructure, as teachers. >> did anybody go to jail for the decisions made in this catastrophic impact on people's lives? >> there was a huge amount of fraud, predation, abuse, misleading financial risk. i think americans deserved a really strong enforcement response to that. people look at the scale of fines, the number of people who went to jail -- they look at that today and still think -- i think this is the dominant perspective. they say, it was not enough. i think i understand that, but i did not get to make those judgments. if the prosecutors had the right incentives, enormous public pressure, it was their job to figure it out. >> they would have loved to have seen the evidence. >> they like
one is, the government will decide to bring deficits down too quickly. it cut spending too deeply, to savagely. that told about one percentage point of gdp and growth out of the economy for three delicate years after the crisis. very damaging. the deficit had to come down, but should have come down much more gradually, so people had the benefit of jobs, in infrastructure, as teachers. >> did anybody go to jail for the decisions made in this catastrophic impact on people's lives? >>...
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Jul 15, 2014
07/14
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it would help with the deficit. people would be paying fines and taxes. it would send a great signal around the world, off good idea, smart, innovative, come to the united states. now we're sending an intolerant signal. >> charlie: not only is it what america is stand for and because of the contributions immigrants made -- because people say it's illegal immigration that gets people at logger hloggerheads over policy. >> the law, fairkts business community, i haven't met a person yet who disagrees. >> charlie: you have faith and business community on the side of immigration reform and you're saying it's held hostage by the tea party? >> yes. >> charlie: does the business community have no influence on the tea party? is that the nature of the tea party? >> well, i think you're seeing what you might very main street republicans, business republicans -- the truth is we need a functioning republican party. you saw the op-ed with bill gates and warre warren buffett t immigration. the republicans have no chance of winning the white house if they get 20% of the
it would help with the deficit. people would be paying fines and taxes. it would send a great signal around the world, off good idea, smart, innovative, come to the united states. now we're sending an intolerant signal. >> charlie: not only is it what america is stand for and because of the contributions immigrants made -- because people say it's illegal immigration that gets people at logger hloggerheads over policy. >> the law, fairkts business community, i haven't met a person...
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Oct 8, 2014
10/14
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they've given up on getting a budget deal to rules the deficit. they'remg giving up on immigratn reform. they've given up on infrastructure funding, given up on trade legislation. the congress is basically trying to pull back and said we're just not going to deal with it. i think that is dangerous for this country and for its future. you want to know -- >> rose: it's dangerous that the president gives up and he gave up. >> do you know what the biggest national security threat right now is? i think it's the dysfunction in washington and the fact that the president and congress for whatever reason cannot confront the issues that are important to this country. >> rose: and the consequence of not doing that. because bob gates said the same thing in his book. >> i think that we are looking at a moment in time in the 21st century where the issue is going to be are we going to govern this country by leadership or by crises. if leadership is there and takes the risks associated with leadership, then i think we can avoid crises. but if not, we're governed
they've given up on getting a budget deal to rules the deficit. they'remg giving up on immigratn reform. they've given up on infrastructure funding, given up on trade legislation. the congress is basically trying to pull back and said we're just not going to deal with it. i think that is dangerous for this country and for its future. you want to know -- >> rose: it's dangerous that the president gives up and he gave up. >> do you know what the biggest national security threat right...
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Feb 13, 2014
02/14
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so for all the talk out there about deficit reduction, making sure our books are balanced, this is the guy who kid it. >> rose: jack lew is here, he is the 76th united states secretary of the treasury, he has served in that role since last february, previously he served as director of the office of management and budget for president obama and president clinton, his career in politics began as an aide to speaker film o'neill where he cut deals with president reagan, the tax of representatives passed a clean debt ceiling yesterday increase alleviating growing treasury on the treasury, pressure on the treasury to pay its bills. there is disappointing job numbers, i am glad to have jack lew back at this table, welcome. >> good to be with you, charlie. >> rose: i should also say you were chief of staff to the president as well. >> i assume all those jobs served you well as secretary of the treasury, because of what that job entails. >> charlie, i would say that there is nothing i have done that hasn't been helpful in preparing me but there are still great challenges in this job. you know,
so for all the talk out there about deficit reduction, making sure our books are balanced, this is the guy who kid it. >> rose: jack lew is here, he is the 76th united states secretary of the treasury, he has served in that role since last february, previously he served as director of the office of management and budget for president obama and president clinton, his career in politics began as an aide to speaker film o'neill where he cut deals with president reagan, the tax of...
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Jan 26, 2014
01/14
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affected by the tapering of the monetary stimulus and a country that runs one of the world's biggest deficits. because of that, when the u.s. talks about cutting down stimulus, turkey would be vulnerable. you have this political crisis on top of that. the market reaction has been brutal. >> talk to me if you will about this oil deal. >> it is a state-run lender. it was the bank that was authorized to do transaction with oil. basically what happened is that there was an account and turkey would buy oil and gas from iran. because they were blocked off from the financial system, there by physical gold and turkey and ship that fact into iran. one of the men at the center of this scandal, and iranian who is now in jail, the bank says it had no role in this. so far, no evidence to say that the bank itself is implicated. >> it is all coming to a head right now. the corruption charges and allegations have been made in erdogan's government are pretty credible. i think there is a good chance it will lead back to erdogan's family. i think if the prosecutors follow those leads, it will be pretty nasty. >
affected by the tapering of the monetary stimulus and a country that runs one of the world's biggest deficits. because of that, when the u.s. talks about cutting down stimulus, turkey would be vulnerable. you have this political crisis on top of that. the market reaction has been brutal. >> talk to me if you will about this oil deal. >> it is a state-run lender. it was the bank that was authorized to do transaction with oil. basically what happened is that there was an account and...
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Apr 12, 2014
04/14
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the second arrow was to address the fiscal situation because they have a clear deficit and they need to have a base in which to raise revenue because revenue is not very high in japan. they just did that on april 1. they need to do more. i asked the question to the prime minister, what about the third arrow? are the structural reforms underway? he showed me they are under way and that many of them will be appropriated in the month of june. we are following that very carefully. >> you also talk here at this meeting about income inequality. what can be done and what is the impact of it and what is the risk of it going forward. >> we are looking at income inequality because we believe it is macro-critical. it is raising the point where it could have a detrimental impact on the growth of economies in general. we have done two critical studies in my view because we're looking at this not from a political or ideological angle, we are just trying to understand the relationship and the correlation. the two studies are -- one is inequality, excessive inequality, huritng growth. the answer see
the second arrow was to address the fiscal situation because they have a clear deficit and they need to have a base in which to raise revenue because revenue is not very high in japan. they just did that on april 1. they need to do more. i asked the question to the prime minister, what about the third arrow? are the structural reforms underway? he showed me they are under way and that many of them will be appropriated in the month of june. we are following that very carefully. >> you also...
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Jul 2, 2014
07/14
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this is a deficit in our being and it's better -- the reality. [applause] thank you. >> rose: jbiggest obstacle toda? >> skepticism. i think too many skeptics among us. and people -- can be a little pessimistic -- very much serious, i'moptimist and pessime ÷ç thesame way. but differently, why you a pessimist --more you trust the . and i think each everybody will pass. there's+5 a great potential -- wecan becl great causes. and that would be theadvice i c- >> rose: used to stay pal tony's never missed an opportunityto9y÷ toh/okñ miss an opportunity. has)i8 opportunity. >> i'm not sure i extend the&co. as i'm optimistic i know there are many others and problems and things don't happen over night. and it's not should i say a walk -- >> rose: yes, yes. >> so you shouldn't give up because there are some difficulties. but i started by suggesting -- with king hussein -- everybody it, so -- what should weac1done. do nothing? i'm sorry we didn't meet again with king hussein but the next was arafat. he was a verye(every day, heá)íu flowerthere are af
this is a deficit in our being and it's better -- the reality. [applause] thank you. >> rose: jbiggest obstacle toda? >> skepticism. i think too many skeptics among us. and people -- can be a little pessimistic -- very much serious, i'moptimist and pessime ֍ thesame way. but differently, why you a pessimist --more you trust the . and i think each everybody will pass. there's+5 a great potential -- wecan becl great causes. and that would be theadvice i c- >> rose: used to...
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Nov 7, 2014
11/14
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not in the abstract that because we have to reduce the deficit or fight isis. >> we need new infrastructure. >> we need trade. >> that is probably the biggest reason for optimism that they can overcome some of these personal things. >> the president wants to reduce corporate income tax. >> i don't see tax reform at this point. there are winners and losers and lobbyists. i don't see the president holding that fragile coalition together on tax reform, corporate or individual. >> tell me who can be the stars elected yesterday that we do not know about. >> cory gardner is an impressive guy. a good communicator. that state has produced some politicians who are come to both it's for their -- >> the constant harping on a -- some supporters felt he was a one note candidate. gardner moved to the center on those issues. he is very conservative but has also moved in ways to moderate himself. >> charlie baker in massachusetts, in the illinois governor, they could be national stars. >> what about perdue? >> i have not been impressed with his can indication skills. >> for does this mean about the race fo
not in the abstract that because we have to reduce the deficit or fight isis. >> we need new infrastructure. >> we need trade. >> that is probably the biggest reason for optimism that they can overcome some of these personal things. >> the president wants to reduce corporate income tax. >> i don't see tax reform at this point. there are winners and losers and lobbyists. i don't see the president holding that fragile coalition together on tax reform, corporate or...
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82
Jul 5, 2014
07/14
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we said we cannot go on with the deficit and the level of debt that we have. it was 900 billion euros in 2002. when we came into power, it doubled. doubled in 10 years. it was impossible to do that. we spent more on reimbursing the interests of the debt than on education. that is why we committed to make 50 billion euro spending cuts and the spending years which is a very huge effort. >> you are here because of general electric. what do you think of that deal? >> i think it is a great example of how we can cooperate with american partners. we have many others. it must not be seen as france is trying to look. we had the president come to united states and he repeatedly said that we can create great partnerships with me france and the united states. we have the occasion when we commemorated the award at the beginning of of normandy. to reaffirm our will to have a strong partnership with the united states. now it is becoming a diplomatic -- we have very strong ties with americans. we can work out good solutions even in industry to reinforce this message. >> thank
we said we cannot go on with the deficit and the level of debt that we have. it was 900 billion euros in 2002. when we came into power, it doubled. doubled in 10 years. it was impossible to do that. we spent more on reimbursing the interests of the debt than on education. that is why we committed to make 50 billion euro spending cuts and the spending years which is a very huge effort. >> you are here because of general electric. what do you think of that deal? >> i think it is a...
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Dec 4, 2014
12/14
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it is a leading driver of the federal deficit. it is a political issue. >> it is a political issue. and has to do with years of dialogue and debate about it. and it had to do with treatment and economics. but if you were designing a system, would you make what medicare delivers the better way to go? >> medicare is a payment system for folks over 65. >> would you make it for people over 21 or from birth? >> candidly, medicare does not reimburse for the care that is given. and for those of us in the nonprofit sector who deal with care, it deals with roughly 60% of total costs. it is hard for those of us in the academic medical world to manage medicare rates of payment . we can do a lot with efficiency, we can drive out waste, but unfortunately, it does not really cover the cost. it does not recognize the spectrum between getting it right and not getting it right. forre often penalized getting the diagnosis right and not doing additional tests as opposed to the fee for service environment, which is still how medicare is paid. >> and that should be changed. >> that should be changed. >>
it is a leading driver of the federal deficit. it is a political issue. >> it is a political issue. and has to do with years of dialogue and debate about it. and it had to do with treatment and economics. but if you were designing a system, would you make what medicare delivers the better way to go? >> medicare is a payment system for folks over 65. >> would you make it for people over 21 or from birth? >> candidly, medicare does not reimburse for the care that is given....
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Mar 19, 2014
03/14
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today we're gonna talk about the most controversial medical issue of our time, attention deficit disorder,
today we're gonna talk about the most controversial medical issue of our time, attention deficit disorder,
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May 29, 2014
05/14
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we have what is very much an attention deficit. we're focused on ukraine now because it is in the news and spectacular developments have occurred. we have not paid a great deal of attention, as stephen mentioned, over the past 20-25 years. we really don't have the type of understanding we need of ukraine as a society, as a political problem, to be effective on the ground. we do not have the expertise that we need in the government, or i would argue in the broader expert community in the united states. >> why not? >> ukraine has never been a top priority. when a country as a top priority the way the soviet union was, we put the resources and intellectual firepower into thinking through those issues. no matter how difficult was -- >> do you think it has become second rate? >> we have fewer resources. it's not at the top of the agenda for the administration or for u.s. foreign-policy for probably 10, 15 years, or more. there is a brief time of extreme interest right after the collapse of the soviet union when we had this idea that rus
we have what is very much an attention deficit. we're focused on ukraine now because it is in the news and spectacular developments have occurred. we have not paid a great deal of attention, as stephen mentioned, over the past 20-25 years. we really don't have the type of understanding we need of ukraine as a society, as a political problem, to be effective on the ground. we do not have the expertise that we need in the government, or i would argue in the broader expert community in the united...
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May 21, 2014
05/14
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he reduced the deficit by a long way. he pushed through school reforms. reforms. health-care there is an element, people like, the beginning. when he was moving ahead. >> if you had to make a judgment today about barack obama, tell me how you would write the first paragraph? >> it would be one of enormous problems -- enormous promise, enormous hope, and somebody opportunityd that by governing too much from the left, which having rhetoric which inflamed people's sentiments. he was up against a difficult party. the capacity to take on big domestic issues such as entitlement reform, since symbols, and he didn't really do it. editor who has indulged him twice. he has proved at this point, the other but i would say, he has proved disappointment in getting himself three. it seems -- it tends to be terribly muddled. a broad, the big thing about, what would america fight for? >> the show i did on that cover. >> that particular case, that was a real thing. that was me going around sing theican allies, talk to gulf, talk to israel, these are people who rely on american to c
he reduced the deficit by a long way. he pushed through school reforms. reforms. health-care there is an element, people like, the beginning. when he was moving ahead. >> if you had to make a judgment today about barack obama, tell me how you would write the first paragraph? >> it would be one of enormous problems -- enormous promise, enormous hope, and somebody opportunityd that by governing too much from the left, which having rhetoric which inflamed people's sentiments. he was up...